Northern Territory Consolidated Acts Northern Territory Consolidated Acts(1) Subject to subsection (2), the amount of pension that, but for this section, would be payable under this Act to a person in respect of a period shall be reduced by the amount of pension or retiring allowance payable to that person in respect of that period in respect of any remunerative activity undertaken by the former Administrator.
(2) For the purposes of calculating the amount of pension payable in accordance with subsection (1), the Treasurer shall determine, after considering such actuarial advice as he or she thinks fit, the appropriate rate at which any lump sum payment in respect of any remunerative activity undertaken by the former Administrator, and payable as a result of his or her retirement or death, shall be taken into account, and it shall be taken into account accordingly as if it were a pension or retiring allowance.